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20121202
20121210
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and not improve the environment. we need a discussion about tax policy but follow the principle, the greater the gain the greater the burden you bare. many conservatives think that. they are running the debate and totally ahistorical. >> i think this is a really important point about what else favors the wealthy in our tax system. one of the critical issues is the system of deductions. today, the way deductions work, the mortgage deductions or charitable deduction. if you give $10,000, you do $10,000 of a mortgage amount in a year. because of the way rates work as a deduction, it's $3500 if you are in the rate of 35%. and $1500 if you are a middle class family in the 15% marginal rate. it's $10,000. same for two families and much bigger value. it's upsidedown. in a tax plan we put forward, we addressed that issue. we transformed everything into an 18% credit. it's fair across the board. deductions are a way, a big way the tax system favors the well off and well-to-do. it's one of the reasons people are cynical about taxes. conservatives who argue about making the system fair. the best way is
Search Results 0 to 1 of about 2 (some duplicates have been removed)